Top Heavy Ethereum: Just 376 Whales Own 33% of All Ether, Valued $9 Billion

By CCN: A recent study by Chainalysis Inc. found that just 376 people in the world own one third of all the Ether cryptocurrency there is. For comparison the company says 448 people own 20 percent of all Bitcoin. The study also looked at the effect that cryptocurrency “whales,” with out-sized stakes in the limited supply of highly sought after coins, have on Ether prices. They found the effect of whales on Ether’s price is minimal. Chainalysis senior economist Kim Grauer says: “The majority of whales aren’t traders. They’re mostly holding.” Researchers also discovered that when Ethereum whales move massive